Which act protects consumers from unfair billing and unauthorized use of their credit cards?

A. The Credit Fairness Act
B. The Fair Credit Billing Act
C. The Billing Act
D. The Credit Act



Answer :

Final answer:

The Fair Credit Billing Act protects consumers from credit card billing errors and unauthorized use, ensuring fair treatment and financial protection.


Explanation:

The Fair Credit Billing Act protects consumers from unfair billing and unauthorized use of their credit cards. This act provides guidelines for addressing billing errors on credit card accounts and limits an individual's liability in cases of unauthorized credit card use.

For example, if a consumer notices a discrepancy on their credit card statement, such as an unauthorized charge, they can file a dispute under the Fair Credit Billing Act to investigate and rectify the issue.

This act plays a crucial role in safeguarding consumers against fraudulent practices in the credit card industry, ensuring fair treatment and protection of their financial interests.


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